Private or Public | Territorial Monopolist

#economics #statism #property

A government is a territorial monopolist of taxation and legislation. The only way they can increase revenue is to increase the tax base. They do try to increase taxation, but they can lose their tax base. No government wants that. They also try to inflate the currency. The harm may go unnoticed, but the increase in revenue is only temporary, and the currency must be inflated again. This is very harmful and can’t be done continuously. It doesn’t matter what type of government this is, they will all try to make use of this wonderful position.While they will all use the monopoly position, not all will go about this equally. Each monopolist will certainly push the limits of exploitation, not all will reach the same levels. The reason the levels will differ among governments is property. Do you ever change the oil or go for a tune up in a rental car? But you will in your own car. Why? Because you want it to last, maybe have a higher trade in value, etc.? That can be simplified to one thing, property. The rental, you don’t own, its not your property. In a car you do own, it’s your property and you’re concerned about the capital value.

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